Tasty Bite Etables is one of my old recommendation @ Rs.165 on 27th February 2010 . Thereafter it touched a high of Rs.346/- on 19th July 2010 and now quoting around Rs.145/-. Everything was negative for this company in last year .This list includes , sharp rise in raw materials ( onion and other vegetables ) , unfavorable exchange rate of currency, bad financial conditions of economies to where its products are exported ..etc. Now almost all these factors are slowly changing in favor of the company. In last quarter company shows some early signs of revival. Tasty bite is also doubling its capacity now and capex is through internal accruals and debt.This is the right time to re-enter in Tasty Bite with a three year view .Stock is expected to appreciate more than 100 % in the mentioned time frame.
For more details about this company , Read the old posting HERE